Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZX backs NZ’s growing angel movement

3 September, 2014

NZX backs NZ’s growing angel movement

NZX, the operator of New Zealand’s stock exchange, has thrown its support in behind New Zealand’s growing angel movement, by sponsoring the Angel Association of New Zealand (AANZ).

Angels are businesspeople who invest their money and often their time in early-stage and startup companies in order to help them grow and become the next generation of employers and innovators.

This partnership between AANZ and NZX is an important one as it not only provides extra resource to help New Zealand angels develop their skills and networks on a national basis, it also strengthens ties for companies-backed by angel investors with the more formal capital markets, says Marcel van den Assum, an angel investor and chairman of the AANZ.

“We’re delighted to announce this sponsorship. Angel HQ, the angel network I’ve been associated with since its inception, launched at NZX six years ago with the aspiration that ventures funded at this level would become opportunities for a wider network of investors to support through NZX. There is much angel-backed companies can learn from the people at NZX and from New Zealand’s many listed companies, their directors and their shareholders, many of whom are also angel investors. We look forward to strengthening our relationship still further over the coming years and providing a pipeline of companies for the new NXT market that NZX will soon launch.”

Aaron Jenkins, NZX’s Head of Markets says NZX’s decision to support the Angel Association was a logical one. “We have mutual and complementary goals. We both want to encourage young New Zealand businesses to ‘take on the world’ for the economic benefit of all New Zealanders. The Angel Association is a key part of the critical breeding ground for New Zealand businesses as well as a representative body of educated investors. These are both important components of our capital markets and particularly NZX’s soon to launch NXT market.

“Ideally, once they’ve proven their abilities, we’d like to see a greater proportion of these growing businesses coming to our public markets to raise the capital they need to fuel the next stages of their growth. NZX also has a focus on improving investor literacy among everyday New Zealanders to encourage more people to take an interest in New Zealand’s capital markets and the businesses that rely on those markets.”

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Quotas: MPI Swoop On Suspected Fraudulent Fishing Activity

Ministry for Primary Industries (MPI) compliance officers swooped on a Hawkes Bay fishing enterprise today to secure evidence in an investigation into suspected fraudulent activity... “The investigation involves activity throughout the commercial supply chain – catching, landing, processing and exporting.” More>>

ALSO:

Scoop Business: Fonterra Slashes 2015 Milk Payout, Earnings Tumble 76%

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. More>>

ALSO:

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news